American News
Trump Inflicts Wounds on the U.S. Economy
Paris (Imran Y. CHOUDHRY) :- Former Press Secretary to the President, Former Press Minister to the Embassy of Pakistan to France, Former MD, SRBC Mr. Qamar Bashir analysis : There was a significant plunge on Wall Street on Monday, driven by investor nervousness over the economic impact of President Trump’s trade policies. Stocks in Japan, Australia, South Korea, and China all followed suit, tracking losses from the U.S. Wall Street suffered major declines as fears over the trade war escalated. The S&P 500, which tracks the largest American companies, dropped by 2%, while the Dow Jones slipped just over 2%. The tech-heavy NASDAQ took the hardest hit, plunging by 4%. These losses were sparked by concerns that tariffs would lead to higher prices for consumers and complicate the Federal Reserve’s efforts to control inflation and reduce borrowing costs.
Investor sentiment was further shaken by President Trump’s comments in a Sunday Fox News interview, where he refused to rule out the possibility of a U.S. recession. Instead, he described the economy as being in a “period of transition” and stated that bringing wealth back to America was a significant undertaking that would take time. His remarks failed to reassure investors, triggering an 800-point drop in the Dow, a six-month low for the S&P 500, and steep declines in major tech stocks.
Technology companies, which had been a source of optimism in the stock market, also suffered significant losses. Tesla’s stock dropped by 15%, Nvidia fell by 5%, while Alphabet (Google) and Meta (Facebook) both lost over 4%. These sharp declines indicate growing concerns about the stability of the technology sector amid ongoing trade uncertainties.
Kathleen Brooks, a research director at XTB, noted that President Trump claimed he does not closely monitor the stock market, but he may be paying more attention now after Monday’s dramatic sell-off. He is scheduled to meet with top U.S. CEOs in a business roundtable discussion, which was likely requested by business leaders concerned about the stock market downturn and increasing recession risks.
The situation is expected to become even more volatile as April 2 approaches, the date when the full suite of tariffs is set to be imposed. White House officials have urged the public to remain calm, arguing that the current market fluctuations are based on emotions rather than economic fundamentals. However, Trump’s policies are raising serious concerns about the future of the U.S. economy.
One of the biggest fears is that the U.S. is trying to isolate itself in an increasingly interconnected global economy. Supply chains are deeply globalized, and while America is a powerful economic force, it still relies on international trade and strong global economic conditions. Disrupting these relationships with tariffs could have long-term negative effects.
There are already signs that the U.S. economy was naturally slowing down after years of growth. Now, the added pressure from tariffs and trade disruptions is amplifying recession fears.
Trump’s aggressive economic approach includes not only broad-based tariffs but also efforts to cut government spending. However, government spending has played a significant role in driving economic growth in recent years. Reducing its role while simultaneously implementing tariffs may be an overly aggressive strategy that could push the economy into a downturn.
Trump’s tariff policy includes China and Canada, which could significantly impact the US economy. The stocks that tumbled this week are going to take a second hit once the Chinese tariff takes effect, which includes 15% levies on key U.S. agricultural products such as chicken, wheat, corn, soybeans, pork, beef, and fruit.
China has the advantage in this situation because Americans heavily rely on Chinese goods, while China relies less on U.S. imports. This trade standoff is reminiscent of the first Trump administration, during which U.S. farmers suffered the most. Beijing seems to be taking its time to negotiate, opting to engage from a stance of strength.
But unlike China, Canada has reacted angrily to Trump’s uncalculated tirade of tariffs. The Canadian Prime Minister and Ontario Prime Minister both angrily reacted to Trump and hurled counter and practical threats to Trump while sparing the American people. In their fiery speeches both Canadian leaders said that Canada is though unwillingly and with great regard to the American people who will suffer from Canadian Tarrifs, levied unprecedented 25% surcharge on electricity exports for the 1.5 million American homes and businesses that Ontario powers—homes and businesses in Minnesota, Michigan, and New York. This surcharge will cost families and businesses in these states up to $400,000 every single day. On average, this will add around $100 per month to the bills of hardworking Americans.
They further threatened that they would not hesitate to increase this charge if necessary. If the United States escalates, they will not hesitate to shut the electricity off completely. They reiterated that their number one job is to protect the people of Canada; they would fight like they have never fought before to protect Canada. They took a swipe on Trump and said his unprudent policies are resulting to losses worth trillions in value. Companies are second-guessing investments in the American economy. American workers’ jobs are at risk and the costs for hardworking American families will only go up.
As a result of these tariffs, markets are down, and inflation is set to rise dramatically across the United States. Thousands of American jobs are now at risk, particularly in industries that rely on Canadian materials or consumers. The U.S. government’s actions will increase costs for American families on essential items like groceries, gas, cars, and homes. Additionally, these tariffs threaten American national security by restricting access to critical minerals, energy, building materials, and fertilizers from Canada.
With Anti-American sentiment in Canada is at an all-time high, economists and security experts argue that the move does not make economic or strategic sense, as it weakens the U.S.’s position globally while strengthening adversaries like Russia and China.
Trump’s policies serve as a classic example of how a leader, driven by false assumptions, can make uncalculated sweeping decisions that not only negatively impact key partners but also have lasting consequences for the stability, economy, and security of North America and the rest of the world.
American News
‘The bodies just kept coming’ – photographer at deadly Rio police raid
A photographer who witnessed the aftermath of a massive Brazilian police operation in Rio de Janeiro has told the BBC of how residents came back with mutilated bodies of those who had died.
The bodies “kept coming: 25, 30, 35, 40, 45…”, Bruno Itan told BBC Brasil. They included those of police officers.
One of the bodies had been decapitated – others were “totally disfigured”, he said. Many also had what he says were stab wounds.
More than 120 people were killed during Tuesday’s raid on a criminal gang – the deadliest such raid in the city.
Bruno Itan told BBC Brasil that he was first alerted to the raid early on Tuesday by residents of the Alemão neighbourhood, who sent him messages telling him there was a shoot-out.
The photographer made his way to the Getúlio Vargas hospital, where the bodies were arriving.
Itan says that the police stopped members of the press from entering the Penha neighboorhood, where the operation was under way.
“Police officers formed a line and said: ‘The press doesn’t get past here.'”
But Itan, who grew up in the area, says he was able to make his way into the cordoned-off area, where he remained until the next morning.
He says that Tuesday night, local residents began to search the hillside which divides Penha from the nearby Alemão neighbourhood for relatives who had been missing since the police raid.
Residents of the Penha neighbourhood proceeded to place the recovered bodies in a square – and Itan’s photos show the reaction of the people there.
“The brutality of it all impacted me a lot: the sorrow of the families, mothers fainting, pregnant wives, crying, outraged parents,” the photographer recalled.
The governor of Rio state said that the massive police operation involving around 2,500 security personnel was aimed at stopping a criminal group known as Comando Vermelho (Red Command) from expanding its territory.
Initially, the Rio state government maintained that “60 suspects and four police officers” had been killed in the operation.
They have since said that their “preliminary” count shows that 117 “suspects” have been killed.
Rio’s public defender’s office, which provides legal assistance to the poor, has put the total number of people killed at 132.
According to researchers, Red Command is the only criminal group which in recent years has managed to make territorial gains in the state of Rio de Janeiro.
It is widely considered one of the two largest gangs in the country, alongside First Capital Command (PCC), and has a history dating back more than 50 years.
According to Brazilian journalist Rafael Soares, who has been covering crime in Rio for years, Red Command “operates like a franchise” with local criminal leaders forming part of the gang and becoming “business partners”.
The gang engages primarily in drug trafficking, but also smuggles guns, gold, fuel, alcohol and tobacco.
According to the authorities, gang members are well armed and police said that during the raid, they came under attack from explosive-laden drones.
The governor of Rio state, Cláudio Castro, described Red Command members as “narcoterrorists” and called the four police officers killed in the raid “heroes”.
But the number of people killed in the operation has come in for criticism with the Office of the United Nations High Commissioner for Human Rights saying it was “horrified”.
At a news conference on Wednesday, Governor Castro defended the police force.
“It wasn’t our intention to kill anyone. We wanted to arrest them all alive,” he said.
He added that the situation had escalated because the suspects had retaliated: “It was a consequence of the retaliation they carried out and the disproportionate use of force by those criminals.”
The governor also said that the bodies displayed by locals in Penha had been “manipulated”.
In a post on X, he said that some of them had been stripped of the camouflage clothing he said they had been wearing “in order to shift blame onto the police”.
Felipe Curi of Rio’s civil police force also said that “camouflage clothing, vests, and weapons” had been removed from the bodies and showed footage appearing to show a man cutting camouflage clothing off a corpse.
Supreme Court Justice Alexandre de Moraes has summoned Governor Castro to a hearing on Monday to explain the police actions “in detail”.
American News
Trump’s Asia tour sees deals, knee-bending and a revealing final meeting
US presidential trips abroad have traditionally been an opportunity to display the power of the American nation on the world stage. Donald Trump’s five-day swing through eastern Asia, on the other hand, has been a display of the power of Trump – but also, at times, of that power’s limitations.
Trump’s stops in Malaysia, Japan and South Korea over the course of the first four days were an exercise in pleasing a sometimes mercurial American president. It was an acknowledgement that Trump, with the flick of a pen, could impose tariffs and other measures that have the potential to devastate the economies of export-dependent nations.
His sit-down with Chinese leader Xi Jinping on Thursday, however, was something entirely different.
It was a meeting of equals on the global stage, where the stakes for both nations – for their economies, for their international prestige, for the welfare of their people – were enormous.
With China, Trump may flick his pen, but such actions come with consequences. They come with a cost.
For the first four days, Trump’s most recent foray into global diplomacy was smooth sailing.
Each stop was punctuated by a blend of traditional trade negotiations – deals made under the shadow of Trump’s “reciprocal” tariffs – and personal accommodations that at times bordered on the obsequious.
In Malaysia, Trump secured access to critical minerals and made progress toward finalising trade arrangements with south-east Asian nations. He also presided over a treaty that should ease border tensions between Thailand and Cambodia – the kind of “peace deal” the American president loves to tout.
In Japan, Trump’s Marine One flew past a Tokyo Tower lit red, white and blue – with a top in Trumpian gold.
Newly elected Prime Minister Sanai Takaichi detailed $550bn in Japanese investments in the US and offered the American president a gift of 250 cherry trees for America’s 250th birthday, and a golf club and bag that belonged to Shinzo Abe, the assassinated former prime minister who bonded with Trump in his first term.
She also became the latest foreign leader to nominate Trump for his much-desired Nobel Peace Prize.
Not to be outdone, South Korea welcomed Trump with artillery firing a 21-gun salute and a military band that played Hail to the Chief and YMCA – the Village People song that has become a Trump rally anthem.
President Lee Jae Myung held an “honour ceremony” for Trump during which he gave the American leader his nation’s highest medal and a replica of an ancient Korean dynastic crown.
Lunch with Lee featured a “Peacemaker’s Dessert” of gold-encrusted brownies. Later that day, the Koreans served Trump vineyard wine at an intimate dinner in Trump’s honour with six world leaders attending the Asia-Pacific Economic Conference summit.
American News
Trump caps refugee admissions at 7,500 – mostly white South Africans
The Trump administration will limit the number of refugees admitted to the US to 7,500, and give priority to white South Africans.
The move, announced in a notice published on Thursday, will apply for the next fiscal year and marks a dramatic cut from the previous limit of 125,000 set by former President Joe Biden.
No reason was given for the cut, but the notice said it was “justified by humanitarian concerns or is otherwise in the national interest”.
In January 2025, Trump signed an executive order suspending the US Refugee Admissions Programme, or USRAP, which he said would allow US authorities to prioritise national security and public safety.
The notice posted to the website of the Federal Register said the 7,500 admissions would “primarily” be allocated to Afrikaner South Africans and “other victims of illegal or unjust discrimination in their respective homelands”.
In the Oval Office in May, Trump criticised South African President Cyril Ramaphosa and claimed white farmers in his nation were being killed and “persecuted”.
The White House also played a video which they said showed burial sites for murdered white farmers. Trump said he did not know where in South Africa the scene was filmed.
The tense meeting came just days after the US granted asylum to 60 Afrikaners. It later emerged that the videos were scenes from a 2020 protest in which the crosses represented farmers killed over multiple years.
On his first day in office on 20 January, Trump said the US would suspend USRAP to reflect the US’s lack of “ability to absorb large numbers of migrants, and in particular, refugees, into its communities in a manner that does not compromise the availability of resources for Americans” and “protects their safety and security”.
The US policy of accepting white South Africans has already prompted accusations of unfair treatment from refugee advocacy groups.
Some have argued the US is now effectively shut to other persecuted groups or people facing potential harm in their home country, and even former allies that helped US forces in Afghanistan or the Middle East.
“This decision doesn’t just lower the refugee admissions ceiling,” Global Refuge CEO and president Krish O’Mara Vignarajah said on Thursday. “It lowers our moral standing.”
“At a time of crisis in countries ranging from Afghanistan to Venezuela to Sudan and beyond, concentrating the vast majority of admissions on one group undermines the programme’s purpose as well as its credibility,” she added.
The South African government has yet to respond to the latest announcement.
During the Oval Office meeting, President Ramaphosa said only that he hoped that Trump officials would listen to South Africans about the issue, and later said he believed there is “doubt and disbelief about all this in [Trump’s] head”.
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